Friday, 15 July 2016

Keynesian vs Austrian Economics: Infographic

 

A remarkably even-handed infographic here on two major competing schools of economics.

ABCTvKeynes-1ABCTvKeynes-2

Hat tip The Rational Standard, who have a brief snippet outlining the crux of the Austrian Business Cycle Theory.

Good on them.

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1 comment:

  1. Good. Words with pictures. Straight forward representations of the spending versus saving, and then interest rates. This sticks with me easily for future use. I can read and understand a long article, but for grab memory a diagram like this works. I am not saying mindless slogans are valuable, you have to know your source. Which is why we come here.

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